Airfares set to rise another 10% through May

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The cost of travel is expected to increase by another 10% through May.

According to Hopper’s Consumer Airfare Index report, the average national cost of a domestic round trip will reach $360 in May.

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Year-to-date, domestic air fares have already jumped 40%, pushing the average round-trip cost to around $330, according to the report.

That’s already 7% above pre-pandemic prices.

Passengers walk through Salt Lake City International Airport in Utah on October 27, 2020. (AP Photo/Rick Bowmer/AP Newsroom)

In fact, $330 is “the highest average domestic airfare” for round trips since Hopper began tracking data in 2013.

Hopper predicts the average cost of a round trip will remain around $320 to $330 through the end of the month before rising in May.

Comparatively, international airfare prices are expected to match pre-pandemic prices through May. The average cost of international round trips will eventually rise to $940 in June, marking a 15% increase from the current average of $810, according to Hopper. It’s also a 5% increase over 2019 prices.

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The price increase comes as a growing number of travelers book long-awaited spring and summer trips. Airports have already seen an influx of travelers at airports across the country in recent months, especially as the spring break season has gathered pace. The Transportation Security Administration (TSA) said its busiest day of 2022 was March 20, when more than 2.3 million passengers were screened at airports nationwide.

Hopper anticipates a “request cluster” to occur in mid-April in addition to national holidays such as Memorial Day, July 4 and Labor Day.

Las Vegas, Nevada, in addition to Orlando, Florida and New York top the list of most booked domestic destinations, according to Hopper.

However, demand is expected to simmer after June. At this point, “airfares should decrease seasonally through the fall,” Hopper said.

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